Re: Viking Engine
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TaxMaverick wrote:Isn't the point of a deposit that it is not refundable?
I put a car for sale on Craigslist on a Saturday one time. A girl gave me a $200 deposit to hold it for her until she could get the rest of the money out of the bank on Monday. Other people were calling and I turned them away. Monday she changed her mind and asked for her deposit back. I gave it back because she was a whining girl.
I probably could have sold the car in one day if it was not for her dinking me around. Instead, I spent four or five days selling it.
If I ever take a deposit again, I am making it clear I keep the deposit if they back out. It is compensation for them making me do things in reliance on their agreement to buy.
Eggenfellner wound up with some screwed Subaru customers. But, I do not think this means he should lose he right for life the keep a $1,000 deposit from someone who backs out because they find a deal they like better on something else -- like the used Jabiru 3300 you scored on Barnstormers. In my opinion, this is true even if you comb the internet for other reason not to like Eggenfellner -- all of which you could have found before making your deposit.
I agree with you generally speaking.When you get down to individual cases it's a judgement call based on money spent and time spent .If Eggenfeller used the deposits as a trigger to invest in more inventory than he feels justified in keeping the deposit.If on the other hand he just deposited the money and spent $0 on acquiring the needed inventory to cover said deposit and spent zero time on said order than in clear conscience he should return the deposit.From what I have heard about Eggenfeller,I still refuse to pass judgement other than not to deal with him on faith alone ,you know ....just in case he is a cad :o
The best is to get in writing what a deposit entails.How much if any is refundable and under what conditions.
I run a Kitchen cabinet business and I require a deposit to pay for the doors and drawer fronts I will order and it is understood in writing that this deposit is non refundable once the door order goes through.